Question
Vision Consulting Inc began operations on january 1,2014 . the transactions for the first month follow. 1. Vision Consulting Inc. issued shares to shareholders for$35000.
Vision Consulting Inc began operations on january 1,2014 . the transactions for the first month follow.
1. Vision Consulting Inc. issued shares to shareholders for$35000.
2. provided consulting services to a customer and collected $500 .
3. Vision Consulting Inc. received this month's utilities bill today and paid it immediately , $ 100 .
4. Vision Consulting Inc. collected $ 300 for commissions earned today
5. Vision Consulting Inc. provided $4000 of consulting services for a customer who will pay within 30 days
6. the bill for the $ 1750 advertising campaign that ran last week was received today and paid
7. Vision Consulting Inc. performed consulting services for a customer and received $6500 .
8. Vision consulting Inc will pay the $1250 advertising bill received today within 30 days .
9. performed consulting services today and collected $300
10. Vision consulting Inc. paid dividends of $2300 to the shareholders .
Fill out the following table , according to the transactions above .Select the headings for each column by clicking on the appropriate cell . use additions and subtractions to show the transactions 'effects on the elements of the equation . show new totals after each transaction . Also indicate next to each change in the equity (in the explanation column)
whether it was caused by issuance of share capital (investment) , a revenue , an expense or payment of dividends .
In addition to this , prepare an income statement of changes in equity and a balance sheet for the month ended january 31 .
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